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Feds Sue BP, Other Companies For Gulf Oil Spill Damages

NEW ORLEANS - (AP) The Justice Department sued BP and several other companies involved in the Gulf oil spill Wednesday, an opening salvo in the government's effort to get billions of dollars for untold economic and environmental damage . The government accuses the companies of disregarding federal...

Feds Sue BP, Other Companies For Oil Spill Damages

NEW ORLEANS - (AP) A powerful plaintiff has joined the hundreds of people and businesses suing BP and other companies involved in the Gulf oil spill: the Justice Department. The government, in an opening salvo in its effort to get billions of dollars for untold economic and environmental damage, accuses...

Presidential Panel Says Gulf Oil Spill Could Happen Again

NEW ORLEANS - (AP) Disasters like the explosion of the Deepwater Horizon rig could happen again without significant reform, according to the conclusions of a presidential panel that described systemic problems within the offshore oil and gas industry and government regulators who oversee it. In a 48...

High Court To Review Class Action Against Halliburton

WASHINGTON, D.C. — (AP) The Supreme Court agreed on Friday to hear an appeal by Halliburton Co. shareholders who want to pursue a class-action lawsuit claiming the oil services company inflated its stock price starting when former Vice President Dick Cheney ran it. The court said it will take up...

Erica P. John Fund, Inc v. Halliburton Co. Securities Class Action: Loss Causation And Class Certification

In Halliburton , the Supreme Court is deciding "Whether, in a private action under Section 10(b) of the Securities Exchange Act of 1934 . . . a plaintiff who invokes the fraud-on-the market presumption of reliance must prove loss causation in order for the suit to be maintained as a class action...

Oil Spill Commission Final Report Blames Deepwater Disaster On 'Systemic Failures'

WASHINGTON, D.C. - The presidential commission appointed to study the Deepwater Horizon disaster concludes in its final report that the Macondo well blowout can be traced to a series of mistakes by numerous parties "that reveal such systemic failures in risk management that they place in doubt the...

Lawsuit Says BP Official Resigned Over Safety Issues

HOUSTON - (AP) A former official with BP's drilling operations in the Gulf of Mexico resigned just months before last year's oil spill because of disagreements with the oil giant over its commitment to safety, according to a class-action federal lawsuit related to the spill. Documents filed Monday...

Panel: BP Faulted Oil Rig Cement Work Years Before Gulf Blowout

WASHINGTON, D.C. - (AP) Oil company BP had identified problems with work by its cement company long before the massive Gulf oil well blowout, which investigations have blamed on cement failing at the bottom of the hole, a presidential panel investigating the oil spill said Thursday. But BP apparently...

Gulf Oil Spill Probe: Blowout Preventer Was Flawed

NEW ORLEANS - (AP) The blowout preventer that should have stopped the BP oil spill cold failed because of faulty design and a bent piece of pipe, a testing firm hired by the government said Wednesday in a report that appears to shift some blame for the disaster away from the oil giant. . . . Full version...

AP Sources: Manslaughter Charge Explored In Gulf Oil Spill

WASHINGTON, D.C. - (AP) Manslaughter and perjury are among possible charges that Justice Department investigators are exploring in the early stages of their probe into the Gulf oil spill, people familiar with the inquiry said Tuesday. These people said the Justice Department is not ruling out the possibility...

Tests Performed On Gulf Oil Rig's Blowout Preventer Defended

METAIRIE, La. - (AP) An investigator who examined the safety device that failed to prevent last year's BP oil spill said Monday his firm did not skip critical tests under pressure to meet a deadline to file a report on what caused the contraption not to work. Neil Thompson, a Det Norske Veritas....

Contractor Wants Iraqi Law To Decide Pennsylvania Lawsuit

PITTSBURGH - (AP) Attorneys for Houston-based military contractor KBR Inc. have asked a federal judge in Pittsburgh to apply Iraqi law to a lawsuit filed by the mother of a Pittsburgh-area soldier who was electrocuted while showering at a U.S. military base in Iraq. U.S. District Judge Nora Berry Fischer...

The Gulf Oil Spill: Where We Are One Year Later

NEW ORLEANS - One year ago on April 20, an explosion and fire on the Deepwater Horizon oil rig killed 11 people and sent millions of gallons of oil into the Gulf of Mexico in a spill it took three months to stop. A year after the worst offshore oil spill in U.S. history, many on the Gulf Coast still...

Day Of Remembrance: 1 Year After Gulf Oil Disaster

NEW ORLEANS - (AP) Relatives flew over Gulf of Mexico waters on Wednesday where 11 oil rig workers died a year ago, residents gathered in quiet prayer vigils onshore and President Barack Obama vowed to hold BP and others accountable for "the painful losses that they've caused." Somber remembrances...

BP Sues Oil Rig Owner For $40B; Blames It For Gulf Disaster

NEW ORLEANS - (AP) BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster. The British company said in papers filed in federal court in New Orleans. ...

BP, Gulf Oil Spill Partners File Lawsuits Against Each Other

MIAMI - (AP) After being hammered for a year over the Gulf of Mexico oil spill, BP is going on the offensive with multibillion-dollar lawsuits seeking to shift at least part of the blame to those who owned the ill-fated rig or designed a failed safety device or supplied cement. . . . Full version available...

Supreme Court Hears Oral Argument In Securities Class Action

WASHINGTON, D.C. - (Mealey's) An investor that alleged that Halliburton Co. and certain of its officers violated federal securities law by making false and misleading statements about its asbestos litigation liability told the U.S. Supreme Court on April 25 that the Fifth Circuit U.S. Court of Appeals...

BP Gets $1 Billion Settlement From Gulf Well Partner

LONDON - (AP) BP has struck a deal to receive around $1 billion from one of its minority partners in the blown-out Gulf of Mexico well, raising hopes it will successfully pursue other companies involved and reduce its bill for the disaster. BP PLC said Thursday that MOEX Offshore 2007 LLC. . . . Full...

Proof of Loss Causation Not Needed At Class Certification Stage, High Court Rules In Halliburton Case

As many observers had expected, the U.S. Supreme Court has reversed the Fifth Circuit's opinion in the Halliburton case. In a brief June 6, 2011 opinion from Chief Justice John Roberts , writing for a unanimous court, the Court held that securities class action lawsuit plaintiffs do not need to prove...

Basic, Dura And The Halliburton Decision On Class Certification In Securities Class Actions

Plaintiffs in a securities class action are not required to prove loss causation as part of the class certification process, the Supreme Court held in a unanimous decision handed down on Monday. Erica P. Hon Fund, Inc. v. Halliburton Co., No. 09-1403 (Decided June 6, 2011) [ the enhanced version of this...

James M. Wilson Jr. On Securities Class Actions - Analysis Of The Supreme Court's Decision In Erica P. John Fund, Inc. v. Halliburton Co.

Excerpt: Introduction: On June 6, 2011, the Supreme Court unanimously rejected the Fifth Circuit Court of Appeal's requirement that plaintiffs in securities class actions prove "loss causation" at the class certification stage of the case. In order for investors to proceed as a class...

Texas Woman Loses Iraq Rape Case Against KBR

HOUSTON - (AP) A former KBR Inc. employee who said she was drugged and raped while working in Iraq lost her lawsuit against the military contractor Friday. The jury of eight men and three women rejected Jamie Leigh Jones' claims a day after starting deliberations in a Houston federal courthouse....

Jury Awards Oregon Veterans $85 Million For C6 Exposure At Restore Iraqi Oil Site

PORTLAND, Ore. - (Mealey's) The Iraq War contractors accused by Oregon National Guard members in the U.S. District Court for the District of Oregon of exposing them to hexavalent chromium during a Restore Iraqi Oil mission were found liable by a jury under the theory of negligence but not fraud Nov...

Williams Mullen: Retirement Plan Plaintiffs Were Not Required To Exhaust Administrative Remedies Before Filing Their Class Action

By Mark S. Thomas and Robert W. Shaw The Second Circuit has held that a putative class of ERISA plaintiffs was not required to exhaust a plan's administrative remedies prior to filing claims for a redetermination of future retirement benefits and alleged irregularities in plan amendments. Kirkendall...

Case of the Week: The ‘Deepwater Horizon’ Oil Spill

Nearly 4 ½ years after the oil well beneath the "Deepwater Horizon” rig blew out and spilled millions of barrels of oil into the Gulf of Mexico, legal news surrounding the disaster again made headlines last week. On Tuesday, Sept. 2, Halliburton Energy Services, Inc. announced an agreement...